The specific questions investors ask in first, second, and partner meetings — and the tight, honest answers that keep the process moving.
Investors ask the same questions across meetings. Preparing tight, honest, specific answers is worth more than another deck iteration. Vague answers kill more deals than weak metrics do.
60 seconds. What you do, who buys it, what the metric that matters is. Not history, not founding story, not vision. Investors are triaging — get to the substance in the first minute or lose the room.
One specific market or technology shift that made this possible or urgent in the last 12–36 months. Not 'AI is exciting.' A concrete change — regulation, cost curve, adoption threshold — that a smart investor could verify.
Revenue, growth rate (monthly and YoY), gross margin, burn, runway. If a metric is bad, name it and share the plan — investors respect this and distrust founders who obscure it.
Concrete channels, CAC, payback period. Not 'content marketing and referrals' — the actual funnel with numbers at each stage. Investors underwrite growth mechanics, not aspirational plans.
The honest top 3 risks — competitive, regulatory, execution. Investors know the risks; the test is whether you do. Dodging this question is a signal you don't know the business, not that it has no risks.
Something specific to that firm — a portfolio company that's adjacent, a thesis they published, an operator they backed. Generic answers ('you have great reputation') land as unprepared.
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